Today we will analyze the stock KYHG (000516.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in KYHG (000516.SZ)
1- Last bearish trend was from 5.02 $ (1/17/2012) to 4.76 $ (1/18/2012) a 0.26 $ move 2- The current bullish trend started from 4.76 $ at 1/18/2012 and is currently trading at 4.92 $.
3- 000516.SZ current support level is at 4.89 which is the 50.00 % fibonacci retracement of the last 0.26 $ move.
4- 000516.SZ current resistance level is at 4.92 which is the 61.80 % fibonacci retracement of the last 0.26 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
KYHG (000516.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.020 and 5.350 that was broken up at 4.850 transforming into a supporting line.
KYHG (000516.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.720 $ height triangle which was broken down at 4.760 in higher than usual volume, target of the pattern is 3.040.
KYHG (000516.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.720 $ height triangle which was broken down at 4.760 in higher than usual volume, target of the pattern is 3.040.

Stock Trading Conclusion:
KYHG (000516.SZ) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 4.92, 4.96, 5.02, 5.09, 5.18, 5.35.
Stock Support levels : 4.89, 4.88, 4.86, 4.86, 4.84, 4.82, 4.82, 4.76, 4.25, 3.04,.